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  1. David Goldsmith

    Rate Hikes For 2022?

    https://www.reuters.com/business/finance/inflation-fighting-fed-likely-flag-march-interest-rate-hike-2022-01-26/ Fed likely to hike rates in March as Powell vows sustained inflation fight Summary Powell says central bank likely to raise rates in March Fed chief says inflation has not improved...
  2. David Goldsmith

    The acceleration of the retail apocalypse under Coronavirus

    A new set of retail vacancies on lower 5th Avenue in Flatiron, including the last day for Ann Taylor. At 5:30PM almost all the stores from 14th St to 23rd St were closed already and almost no foot traffic. I don't think I've see it this dead at that time in almost 30 years.
  3. David Goldsmith

    "Last straw" for NYC hotel industry?

    https://therealdeal.com/2022/01/18/watermark-capital-looks-to-sell-indebted-holiday-inn-in-chelsea-alt/ Watermark Capital looks to sell indebted Holiday Inn in Chelsea Firm purchased property for $113M in 2013 but fell behind on mortgage payments during pandemic A national hotel investor is...
  4. David Goldsmith

    Crime on the rise?

    https://nypost.com/2022/01/25/michael-rapaport-films-alleged-shoplifting-at-nyc-rite-aid/ Yo this dude is, Michael Rapaport films alleged shoplifter boldly robbing an NYC Rite Aid New York actor and comedian Michael Rapaport flipped out in a Tuesday social media post that shows an alleged...
  5. David Goldsmith

    "Last straw" for NYC hotel industry?

    Investment Corporation Of Dubai Takes 52% Hit On Sale Of Mandarin Oriental Hotel In NYC https://www.linkedin.com/pulse/investment-corporation-dubai-takes-52-hit-sale-mandarin-okada
  6. David Goldsmith

    Residential tenants paying rent (or maybe not)

    https://therealdeal.com/2022/01/18/2b-in-hochul-budget-could-fund-rent-relief/ $2B in Hochul budget could fund rent relief Relief needs approval by the state legislature and would take months Gov. Kathy Hochul dangled a bone in front of rent-starved landlords Tuesday, proposing a budget...
  7. David Goldsmith

    Crime on the rise?

    Dear Mayor Adams, Would you like to walk back your statement that it's only the perception of crime? https://www.msn.com/en-us/news/crime/mta-set-to-discuss-alarming-rise-in-crime-uptick-in-assaults/ar-AAT5AoB MTA officials address alarming rise in crime, promise more uniformed officers on...
  8. David Goldsmith

    Upheaval For Agents

    https://therealdeal.com/2022/01/24/properties-sells-christies-nyc-brokerage-to-brown-harris-stevens/ @properties sells Christie’s NYC brokerage to Brown Harris Stevens Christie’s also cuts ties to Long & Foster and Harry Norman in shift to indie firms Chicago-based @properties sold Christie’s...
  9. David Goldsmith

    Are developers playing "chicken" with the market?

    This week way down from Fall peak weeks. This week's New Development Report from Sotheby's Kevin Brown Team. These are huge numbers for December.
  10. David Goldsmith

    Is this the end of expensive office space in New York??

    It's not just how much space companies will need but what to do with the space once they get it. https://www.npr.org/2022/01/22/1073975824/architect-behind-googleplex-now-says-its-dangerous-to-work-at-such-a-posh-office Architect behind Googleplex now says it's 'dangerous' to work at such a...
  11. David Goldsmith

    Upheaval For Agents

    https://therealdeal.com/2022/01/18/brown-harris-stevens-defector-kicks-off-sides-entrance-into-new-york/ Brown Harris Stevens defector kicks off Side’s entrance into New York John Wollberg to serve as managing broker of West Coast-based firm John Wollberg will join the West Coast-based brokerage...
  12. David Goldsmith

    Manhattan office leasing just had its worst quarter since 2013

    https://www.wsj.com/articles/offices-are-leased-up-thanks-to-cash-gifts-for-tenants-months-of-free-rent-11642501805 Offices Are Leased Up, Thanks to Cash Gifts for Tenants, Months of Free Rent Recovery of U.S. office rents owes much of its success to freebies, other incentives offered by...
  13. David Goldsmith

    Big Tech Falls Short On Housing Promises

    https://therealdeal.com/2022/01/07/tech-firms-housing-pledges-come-up-short/ Tech firms’ housing pledges coming up short Two years after vowing to build tens of thousands of new homes, Apple, Google and Meta have made little progress so far Two years after Apple, Google, and Meta vowed to...
  14. David Goldsmith

    Property Tax Reform in NYC

    Comptroller Brad Lander comes out against Governor Hochul's revamp of 421a abatement. https://comptroller.nyc.gov/newsroom/statement-from-comptroller-brad-lander-on-governor-hochuls-proposed-421-a-reforms/ Statement from Comptroller Brad Lander on Governor Hochul’s Proposed 421-a Reforms...
  15. David Goldsmith

    Upheaval For Agents

    Serhant continues it fast growth track in 2022 poaching 2 teams from Compass. I wonder how much Compass stock tanking right out of the gate, disappointing agents with IPO dollar signs in their eyes, played in this decision? https://therealdeal.com/2022/01/18/serhant-brings-in-two-compass-teams/...
  16. David Goldsmith

    "Last straw" for NYC hotel industry?

    With NYC Real Property valuations being released this past week https://www.crainsnewyork.com/residential-real-estate/citys-property-values-are-despite-pandemic-and-so-are-taxes I saw a lot of jawboning about tax breaks for hotels and how the industry has been decimated. I think we have been...
  17. David Goldsmith

    Are developers playing "chicken" with the market?

    What projects can you think of noticably absent from this list? I don't think City Point or Manhattan Square ever made it (considering the size of the projects). I also wonder how 1 Wall St is actually doing...
  18. David Goldsmith

    Upheaval For Agents

    Anyone have any insight what happened? https://therealdeal.com/2022/01/20/top-broker-tamir-shemesh-out-at-douglas-elliman/ Top broker Tamir Shemesh out at Douglas Elliman Circumstances surrounding his abrupt exit are unclear Tamir Shemesh has left the building. The top-producing broker is out...
  19. David Goldsmith

    Predictions For 2022 Sales Market

    https://therealdeal.com/2022/01/11/hybrid-work-crypto-and-inflation-poised-to-stoke-2022-luxury-market/ Hybrid work, crypto and inflation poised to stoke 2022 luxury market Another strong year ahead for the sector: Sotheby’s Trends that have taken hold during the pandemic are poised to fuel...
  20. David Goldsmith

    1990s Style Sponsor Issues Return To Coops

    In the 1990s many Coops were plagued by Sponsor issues as overleveraged developers defaulted on obligations and left Coops holding the bag. As some developers are cracking (HFZ, All Year, etc) we start to see the ramifications as the Coops they converted are feeling the pinch...
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